What does the TD SIPP (Self Invested Personal Pension) offer?
Pensions are notoriously complex, and it’s no wonder that many people are put off making decisions about their future retirement. But a Self-Invested Personal Pension (SIPP) offers a low cost, accessible alternative and gives you control to create your own personal retirement strategy.
- Transfer existing pension benefits to your TD SIPP
- Tax relief on your contributions, depending on your UK tax rate
- 25% tax free lump sum withdrawal on retirement
- Start from as little as £400
- Make one-off or regular contributions
- Hold cash in nine major currencies
- 24/7 access to market information and research tools
- Wide range of investment options
Enjoy greater choice and freedom
Using the same fast and simple platform as the Trading account, the TD SIPP allows you to manage your own pension, making the decisions as to when and where you invest. This means you can see the value of your retirement fund at any moment. You can invest in a wide range of investment types, including:
- Funds (Unit Trusts & OEICs)
- UK Equities
- International Stocks
- AIM Securities
- Bonds & Gilts
- Investment Trusts
- Exchange Traded Products
- Hold cash in nine currencies
What are the SIPP contribution limits?
You can receive tax relief on your personal contributions up to 100% of your earnings. There is a limit on the contributions you can pay and receive tax relief on called the annual allowance, which is currently £40,000 per year, although you can carry forward any unused allowance from the previous three tax years.
Additional tax benefits
There is no capital gains tax to pay on the investment growth in your SIPP. For dividend income on UK equities, if you're a basic rate taxpayer you're deemed to have paid tax at 10% on the dividend income whether inside or outside the SIPP. This 'tax credit' cannot be refunded for SIPP investments. If you're a higher rate taxpayer you'd normally pay tax on dividend income at 32.5% or 37.5%. Inside a SIPP you won't get back the 10% dividend tax credit, but you won't have to pay any additional tax.
What you need to know before you open an account
Please make sure that you have read and understood all of the relevant documentation below.
Further details are also available in the Terms of Service which you should refer to before applying for an account
All investments carry a varying degree of risk. It's important that you understand the nature and risks of the different investments available through TD Direct Investing. You may not get back the money you invest and you should not view the past performance of investments as a guide to their future performance. Read more about the risks of investing.
Your money and investments
Before applying for an account it is important you understand how your money and investments will be held and the investor protection schemes that apply. We will hold your money in accordance with the FSA's client money rules and we may pool your investment with those of other customers. Read more about how we will hold your money and investments.
Conflicts of interest
We have a conflicts of interest policy that identifies circumstances that constitute, or may give rise to, conflicts of interest which pose material risk of damage to one or more of our customers. Read more about our conflicts of interest policy.
Summary of charges
Trading commissions start from £5.95 depending on how often you trade. Our standard online rate is £12.50 and it will cost more for trades on non-UK markets.
If you hold funds a platform fee will apply. If you move your stock transfer out charges will apply. See our Rate Card for full details.
Key Features Illustration
When applying online you will be asked to produce a Key Features Illustration, which gives you important information to help you decide if the TD SIPP is right for you. You will be taken to AJ Bell's website to do this. Before applying online you can take a look at AJ Bell's Illustration website and read the Key Features Illustration fact sheet and Key Features Document.
Open a TD SIPP
Lines are open Monday to Friday 7.30am to 9pm and Saturdays 9am to 3pm
Return the form to us at Customer Accounts Dept., TD Direct Investing, Exchange Court, Duncombe Street, Leeds LS1 4AX